Comments about ‘How to avoid the next housing bust’

Well, making and enforcing strigent requirements on an individual basis sounds
like conventional wisdom, which it is. Making sure borrowers can pay borrowed
money back sounds logically right, right? Yes. But one huge problem.

Who knows what tomorrow will bring for any of us? The Challenger space shuttle
had multiple fallback systems, but it crashed anyway.

The assumption
being made is this. It was lending to borrowers who weren't the best
prospects for paying back loans that caused the subprime crisis. So, we need to
be more stringent in whom loans are made to, and be more vigilent in
administering the loans.

Problem? What if we re-enter an economy-wide
recession, or even depression. What then for any and all individual borrowers?
Even professionals, dentists, doctors, lawyers, etc., had income, and hence
financial problems during the Great Depression.

News out today
estimates Germany is now edging into recession or depression with most of Europe
already there. With Europe slipping, who is to say the U.S. won't have its
economy go South again soon?

The lack of marriages, and fmmily
formation, including having above replacement birthrates has and is killing
economies from Singapore to Salt Lake.

The push is out there to force anyone that can be convinced to buy a home and
using debt limit and credit card limits as base line income to bring the debt to
income level below the new figures ration of 104% debt to income.

That means this country's is so intrenched in debt and credit cards
consumers are spending $12 a day more than they are making, $60 a week more debt
than they earn. Means they would need a raise of $60 a week to break even with
their debt and spending.

Whats amazing is how can people who are
spending 104% of their gross income qualify to buy a home? The economy is upside
down in debt to income and city and governments think jobs are indicators of
recovery. The only problem is that most workers have 3-4 jobs to have this
upside down debt to income and 3 jobs per employed workers.

And I
haven't even touched on the school loan debts going into default at a
higher rate. The economic bubble burst is a reality and no technology or voltaic
energy cell made in China can fix it.

Like I said, sub-replacement birthrates, due to the death, largely, of the
traditional family, is killing us, economically, and otherwise.

Even
among LDS members, worldwide, fertility rates are at a sub-replacement rate! In
1982, the rounded number of births to members of the LDS Church, that is, who
were named & blessed in church. less those who had been named & blessed,
who turned age 9 but hadn't been baptized, were subtracted, was 124,000;
and LDS Church membership that year first exceeded 5,000,000. Fast forward 31
years to 2013. LDS Church membership first goes over 15,000,000. And yet the
number of children named & blessed was less than 115,500. To be sure, the
formula and label for babies counted as members of the Church changed 6 years
before. The LDS Church then quit subtracting children who had been named and
blessed as infants who weren't baptized. Numbers increased around 30,000
from 2007 to 2008. Now the label is new children of record, instead of just
children of record. For every 4 babies born per capita to LDS Church members in
1982, less than 1 was born in 2013! This means without converts, Church
membership would be shrinking!